St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-27
SATURDAYS MARKET.
On the Chicago Board Of Trade There Was
Little More Open Buying
of Wheat. sr
The Bull Clique Took an Active Hand in
the Deals, and Higher Prices
Resulted.
Crop Reports From the southwest
Being Unfavorable, Cut Some
Figure.
transactions in the Financial circles
OF Wall t--GeneraI quo
tationS.

CHICAGO, March 26.-11 the Clique u''o pSe'A
without any news to aid them To-Day tney
would have had hard time OF it. The crowo
was thoroughly in mood yesterday 10 .r'
issues with them, and this feeling mao grown
until last night on the curb there was iiiop
ready to sell May wheat at as low inquire us
soi5c. 1t needed muscle and nerve to open
mn the market this morning. but when the
news of the enormous clearances came along
from New York, Baltimore and Phlladelphia,
and when, to supplement these nsures' caiho
also numerous reports OF crop damage III inc
winter wheat belt, the temper haa
so changed that the wheat pit TOOK
care of itself. The CLIQUE did not need to buy
further and didn't. Kershaw's orders seem
IN be simply to keep the Chicago market
steady. The motive is plain. WIN sleaoy,
strong uudertone at Chicago, Win tue pIice
so moderate, the export mo' emept Is grea'ly
aided. The plan and its execution snow
broad speculative scheme, being carried out
by speculators who don't want either 1or
money or experience. kerShaw, the leader
of the CLIQUE brokers, opened wneat up luis
morning at sic. Late last night on the curo
the crowd was selling wheat freely at oV12c,
and it came down this morning expecting 10
get under this figure The price was moved
up early simply by KerShaw's bidding. he
needed to buy very little grain. The
SENTIMENT Is AS MIXED
as ever over the purposes of the clique, and
as TO whether it is buy ing now because IL
wants the wheat and believes it cheap or be-
cause it must buy to make market to sell
on If the former we're the case the crowd
cannot see why the buying is not zone Sc
cretly instead of openly and by kershaw. Inc
latter cannot get much wheat without the
scalpers failing right after him and advanc-
ing the price. The crop situation is BEGIN
ming to cut a more and more important ng-
ure. The extraordinary drynesS OF the month
is becoming so apparent that 1t is no longer u
matter to be argued over, and II IL lasts ten
days longer will afford the bulls great ala.
A New York broker was on the floor looking
for cash wheat. He came on here, it Is SAD,
supposing that the clique would sell him cash
under the market if he would only guarantee
TO ship it; but he found himself mistaken.
He offered up to the market, put woulun
pay commissions and didn't get ms wheat.
He had engaged fifty cars OF the Lake ehore
at the 20-cent rate. In corn the receipts were
large enough to make the price easier; but
now and then the corn pit cuts loose from Its
own statistics and goes upor GOWN simply out
of sympathy with wheat. This was why the
May option was SO steady to-day at $3.50
391ac.
THE ROUTINE REPORT.
CHICAGO, March 26.-There was little
more open buying of wheat by the bull clique
to-day, and higher prices resulted. 1t is
claimed that the clique has very largely ill.,
creased its holdings during the week, and
that the short interest has been correspond
ingly Increased. However this may be, the
operations of the bull operators continue to
be watched with great interest. Crop reports
from the Southwest were unfavorable, and it
was also claimed that farmers deliveries in
the Northwest were falling OFT. The clearings
from the seaboard aggregated $4,000 bushels,
and it was estimated that the visible supply
would disclose q decrease of 1,0OO,O00 bushels
The receipts at eleven points were $4,000
bushels The market opened at S09sc for
May and advanced gradually to Sl5sc, closing
at S11a@Sl5sc. Corn and oats ruled quiet and
steady. without any special feature of inter-
est. Mess pork showed no change, and lard
and short RIBS were shade firmer.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. 2, March, opened at 1910, closing
ut T6@761sc; May. S05sc, closing at $40
Sl3sc; June, soc, closing at SO9sc; july
1850, closing at soc. Corn-No. .. March,
3414c, closing at 3414@34ssc; May, 39$sc, clos
ing at 391&c; June, 4O14c closing at 40asc: July,
March, a4c;, closing at 24c; May. 2s1sc, clos
ing at as5se: June, 29c, closing at 2S59@2sc
Mess pork, per barrel-March, $40. go, closing
at 5000; May. S2l, closing at SCI; June,
SCI. closing at S2I Lard, per 100 pounds
March, $7.27A, closing at S7.32H: May,
s7.35, closing at S7.371a; June, ST.421a, closing
at S7.45. Short ribs per 100 pounds-March,
S7.S5. closing at $T.S5; May, $780,, clos
ing at S7.95; June IS, closing at S.O2%.
Cash quotations were as follows: Flour quiet
and unchanged. Wheat-No. 2 spring, 1850
1899; No. 3spring. 1870; No. 2 red, 79@T91sc.
Corn-No. 2, 343s@374c. Oats-No. 2. "a
@2412c. Rye-No.2 9, size. Barley-No. 2, 50
@,501ac. Flax seed, No. 1, $1.0S54. Timothy
seed, prime, $l.76@1. Is. Mess pork. per Dbl,
$20.25020.50. Lard, per 100 lbs, $3.50. Short
ribs, sides, loose, S7.S5; dry sailed shoulders,
boxed $6@6.25; short clear sides, boxed, $3.50
@S.25. Whisky, dlstfllers' finished goods,
per gal, Sl.1s. Sugars-Cut loaf, 614c; gran
ndulated, &c; standard A, 55sc. Receipts
Flour, $4,000 bbls; wheat, $1,000 blu; corn,
barley. 4S, 600 bu. Shipmeuts-Flour, $4,000
bbls; wheat, $4,000 blu; corn, $4,000 bu:
oats. lbs, 900 blu; barley, $4,000 blu. On the
produce exchange to-day the butter market
ruled steady: creamery, 24@30c per D.; dairy,